Southern Copper Corporation's Stock Analysis

Southern Copper Raises $1.25 Billion for Tía María Project

Southern Peru Copper Corporation announced it has secured $1.25 billion through a bond offering in the New York market to finance the Tía María mining project. This project is expected to produce 120,000 metric tons of refined copper annually and will utilize advanced technology that adheres to high environmental standards. Operations are projected to commence in the third quarter of 2027, with the project anticipated to generate significant economic benefits, including $24.1 billion in exports and $6.2 billion in taxes and royalties over its first 20 years.

In addition to Tía María, Southern Copper is also advancing the Michiquillay project, which has the potential to produce 225,000 metric tons of copper annually along with other by-products. The estimated investment for Michiquillay is $2.5 billion, with production expected to start in 2032. The company highlights the supportive environment for private investment in Peru, which is bolstered by local community backing and adherence to the rule of law, as beneficial for its ongoing investment initiatives.

Jun 26, 2026 09:08:24

Southern Copper Completes $1.25 Billion Notes Offering

Southern Copper Corporation has successfully completed a public offering of $1.25 billion in 5.350% unsecured notes due in 2036. The offering generated net proceeds of approximately $1.24 billion, which will be used primarily by its Peruvian branch to fund the Tia Maria project and support its capital expenditure program, as well as for general corporate purposes including working capital.

The notes rank equally with the company's existing unsecured debt and were sold through an underwriting agreement with several financial institutions. Southern Copper Corporation is one of the largest copper producers globally, with significant operations in Mexico and Peru, and is largely owned by Grupo Mexico. The company is listed on the NYSE and the Lima Stock Exchange, with a notable portion of its shares held by international investors.

Jun 25, 2026 10:52:56

Southern Copper Prices $1.25 Billion Unsecured Notes Offering

Southern Copper Corporation announced the pricing of $1.25 billion in 5.350% senior unsecured notes due in 2036 on June 16, 2026. The offering is expected to close around June 24, 2026, pending customary closing conditions. The net proceeds from this issuance will primarily support the development of the Tia Maria project and finance the capital expenditure program of Southern Peru Copper Corporation, its Peruvian branch, along with general corporate purposes including working capital.

The notes will rank equally with Southern Copper's existing and future unsecured debt. BofA Securities, Inc. and Morgan Stanley & Co. LLC are serving as global coordinators for the offering, with Barclays Capital Inc. and Santander US Capital Markets LLC as joint bookrunners. Southern Copper is a major integrated copper producer with operations in Mexico and Peru, and is primarily owned by Grupo Mexico.

Jun 17, 2026 12:28:08

Southern Copper Announces CEO Transition Following Leadership Loss

Southern Copper Corporation announced the unexpected passing of Oscar Gonzalez Rocha, the President and CEO, on April 13, 2026. His leadership significantly shaped the company’s position in the mining industry over a 50-year career. The Board expressed gratitude for his contributions and noted his absence will be deeply felt.

Following this, on April 23, 2026, Leonardo Contreras Lerdo de Tejada was appointed as the new Chief Executive Officer. He will also remain a member of the Board of Directors. The Board did not approve any changes to his compensation at this time, and any future material changes will be disclosed as required.

Apr 29, 2026 17:10:16

Southern Copper Reports Q1 Earnings and New CEO Appointment

Southern Copper Corporation announced its financial results for the first quarter of 2026, reporting net earnings of $1,576.9 million, a 67% increase from the same quarter last year. The company attributed this growth to higher sales volumes and improved prices for key metals, including copper and silver. Additionally, the Board of Directors declared a quarterly cash dividend of $1.00 per share, along with a stock dividend, to be paid to shareholders in May 2026. The company also reported a decrease in cash costs for copper production, indicating improved cost efficiencies.

In leadership news, Mr. Leonardo Contreras Lerdo de Tejada has been appointed as the new CEO following the passing of former CEO Oscar Gonzalez Rocha. Southern Copper is actively pursuing a capital investment program exceeding $20.5 billion, with significant projects underway in Peru and Mexico, including Tia Maria and Los Chancas. The company has made notable progress on these projects, generating local employment and adhering to environmental standards. The ongoing initiatives reflect the company's commitment to operational excellence and community engagement.

Apr 29, 2026 12:53:59

Southern Copper Appoints Interim CEO Following Leadership Change

Southern Copper Corporation announced the unexpected passing of its President and CEO, Oscar Gonzalez Rocha, on April 13, 2026. In response, the Board of Directors appointed Leonardo Contreras Lerdo de Tejada as the interim Chief Executive Officer, effective April 16, 2026. He will also continue in his role on the Board of Directors.

The Board has not made any changes to Mr. Contreras Lerdo de Tejada's compensation following his appointment. The company is actively seeking a permanent Chief Executive Officer as part of its internal succession planning. Any future changes to Mr. Contreras Lerdo de Tejada's compensation will be disclosed in accordance with regulatory requirements.

Apr 17, 2026 17:22:12

Southern Copper CEO Oscar Gonzalez Rocha Passes Away Unexpectedly

Southern Copper Corporation announced the unexpected passing of Mr. Oscar Gonzalez Rocha, the Company’s President and Chief Executive Officer, on April 7, 2026. His death has raised concerns regarding leadership stability within the company.

The Board of Directors plans to appoint a successor or interim Chief Executive Officer shortly. This transition in leadership may impact the company's operations and strategic direction, which could influence investor sentiment and stock performance.

Apr 13, 2026 17:25:29

Southern Copper Reports Record Sales and Dividend Announcement

Southern Copper Corporation announced its financial results for 2025, reporting record net sales of $13.42 billion, a 17.4% increase from the previous year, primarily driven by higher sales volumes of molybdenum, zinc, and silver, along with improved copper prices. The company also achieved a net income of $4.33 billion, reflecting a 28.4% increase from 2024, and a reduced operating cash cost for copper production at $0.58 per pound, down from $0.89 in 2024.

The Board of Directors approved a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0085 shares, payable on February 27, 2026, to shareholders of record by February 10, 2026. The company is advancing several major projects, including Tía María, which is 24% complete and expected to generate significant economic benefits for the region. Southern Copper's capital investment program exceeds $20.5 billion, with a strong focus on expanding its operations in Peru and Mexico.

Jan 28, 2026 17:21:17

Southern Copper Announces Q3 2025 Financial Results and Dividends

Southern Copper Corporation reported a 17.2% increase in net income for the year-to-date period ending September 30, 2025, attributed to growth in net sales. The adjusted EBITDA for this period was $5,511.9 million, showing a 12.5% increase year-over-year. The company also announced a quarterly cash dividend of $0.90 per share, along with a stock dividend of 0.0085 shares per common share, payable on November 28, 2025. The operating cash cost per pound of copper decreased to $0.61, down from $0.86 in the previous year, mainly due to lower treatment and refining charges and increased by-product credits.

Production statistics revealed a 2.8% decline in copper production year-to-date, totaling 714,098 tonnes, primarily due to lower ore grades at operations in Mexico and Peru. However, by-product production was up, with zinc production increasing by 46.3%, silver by 16.4%, and molybdenum by 8.3% in the third quarter compared to the same period last year. The company is also advancing its capital investment program exceeding $15 billion, focusing on projects in Peru and Mexico, which are expected to drive future growth and job creation.

Oct 28, 2025 20:35:13

Southern Copper Reports Q2 2025 Financial Results and Dividends

Southern Copper Corporation announced its financial results for the second quarter ended June 30, 2025, reporting a quarterly cash dividend of $0.80 per share and a stock dividend of 0.0101 shares per common share, payable on September 4, 2025. The company experienced a 3.5% increase in molybdenum production year-over-year and a significant rise in mined zinc production by 52.9%. Operating cash costs per pound of copper decreased by 23.6% to $0.70, contributing to a 10% increase in EBITDA and a 13.8% rise in net income for the first half of 2025.

In addition to financial performance, Southern Copper is advancing various projects in Peru and Mexico with a capital investment program exceeding $15 billion. Key projects include the Tía María project in Arequipa, expected to generate significant revenues and employment, and the Los Chancas project in Apurimac, which is in the early stages of development. The company is also focused on sustainability, having received recognition for its environmental practices and inclusion in various sustainability indices, which may enhance investor confidence.

Jul 29, 2025 17:15:51